Fly News Breaks for October 21, 2015
HXL
Oct 21, 2015 | 08:20 EDT
Cowen lowered its price target on Hexcel to $47 from $57 followings the company's Q3 miss and guidance cut. The firm said the revised guidance still has downside risk, but sees share repurchases offsetting earnings dilution from higher interest expense from its recent bond issue. Cowen maintained its Outperform rating on Hexcel shares.
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